Aston Martin will launch a new mid-engine hypercar in 2021, currently dubbed ‘Project 003’, that will feature technologies from the Valkyrie.

The British car maker confirmed its development by releasing both a sketch as well as some details regarding this upcoming 2021 hypercar. Aston Martin says that the ‘Project 003’ will be a road-legal car that will offer “class leading dynamics on both road and track”.

It will be based on a lightweight structure and will employ active aerodynamics and suspension systems, while power will be provided by a mid-mounted, turbocharged petrol-electric drivetrain. The ‘Project 003’ will follow Aston’s Valkyrie and Valkyrie AMR Pro (dubbed 001 and 002, respectively), sharing technologies that will be showcased in both of those cars.

“It was always the intention for the Aston Martin Valkyrie to be a once-in-a lifetime project, however, it was also vital to us that Valkyrie would create a legacy: a direct descendent that would also set new standards within its own area of the hypercar market, creating a bloodline of highly specialised, limited production machines that can exist in parallel with Aston Martin’s series production models,” said Andy Palmer, Aston Martin’s CEO. “I’m thrilled to announce that this car is the Project ‘003’, and our next step into a dynamic and exacting arena.”

The final production version of the ‘Project 003’ will be engineered to offer more practicality than the Valkyrie as a road car. Aston Martin will offer it in all markets and in both left- and right-hand drive, with the production run capped at 500 units and the first examples scheduled to arrive in late 2021.

The ‘Project 003’ will also be joined by Aston Martin’s upcoming mid-engine supercar in the same year, with the latter set to go against rivals such as the Ferrari 488 and McLaren 720S.